Unlisted Share Transfer between 2 Non Resident Companies
This query is : Resolved
30 June 2023
Unlisted Shares of a Company Incorporated in India are Held by a Non Resident Company (100% Holding). These shares are now being transferred to another Non Resident Company. What are the Sections with regards to LTCG Tax and if TDS also attracted under any Section.
30 June 2023
Unlisted shares sell it after a holding period of 24 months would be considered LTCG, while less than 24 months is treated as STCG. Here, LTCG is taxable at 20% with indexation. TDS not applicable.
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